Skyview Capital Builds Portfolio to Enable Telecom and Software Growth
August 07, 2013
By Rachel Ramsey, TMCnet Web Editor
Despite the gloomy economy for the past few years, there are some industries that have seen immense growth, innovation and development. Take telecom, for example. More than $80 billion in telecommunications and cable transactions have been completed this year, including ones from DISH, SoftBank, Vodafone and Verizon (News - Alert).
“Companies are looking to grow through acquisition as demand slows for wireless and Internet services, and they’re seeking scale so they can afford to build the high-speed networks necessary for the latest mobile and video offerings,” a recent Bloomberg (News - Alert) article said.
Skyview Capital, a privately held investment firm that specializes in the acquisition and continuous management of mission-critical enterprises, has built an expertise in carve-out transactions, particularly in the telecom and software sectors, and is actively looking for additional businesses to invest in.
This year, Skyview has definitely kept itself busy. In July it acquired the Mimio online education business from Newell Rubbermaid, which offers interactive teaching technologies to increase effectiveness and engagement in K–12 classrooms. It also acquired Interact Inc. earlier this year, a provider of interactive voices response (IVR) platforms and hosted IVR systems to help improve global communications, and the Tekelec (News - Alert) Mobile Messaging business.
Alex Soltani, chairman of Skyview Capital, said, "Skyview Capital has built up a strong reputation, performing carve out and buyout transactions. We have a team of operating professionals, who work with the management teams to stabilize and grow the acquired businesses.”
In addition to 2013’s acquisitions, Skyview’s current and previous portfolio includes Aserdiv, Collins Communications, Fastech Integrated Solutions (News - Alert), NewNet Communication Technologies, Ixilix, Solvport, PAS Technologies and Transcend Communications (News - Alert). Skyview was recently honored by The Los Angeles Business Journal as one of the Top-25 LA-based private equity firms.
“At Skyview, we strive to create long-term sustainable value within the enterprises we acquire, by providing them the highest level of financial resources and operational acumen necessary to realize and achieve their full business potential. Our investment principles are driven strictly by growth – organic growth, growth through acquisition, and specifically growth through our partnerships with talented executives,” Soltani said.
For more information, visit www.skyviewcapital.com.
Edited by Blaise McNamee